Matador Resources (NYSE:MTDR) CEO Joseph Wm Foran Acquires 400 Shares of Stock

Matador Resources Company (NYSE:MTDR) CEO Joseph Wm Foran bought 400 shares of the firm’s stock in a transaction on Monday, August 17th. The stock was purchased at an average price of $53.64 per share, for a total transaction of $21,456.00. Following the completion of the acquisition, the chief executive officer directly owned 31,017 shares in the company, valued at $1,663,751.88. The trade was a 1.31% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Joseph Wm Foran also recently made the following trade(s):

• On Thursday, August 13th, Joseph Wm Foran purchased 5,000 shares of Matador Resources stock. The shares were purchased at an average cost of $51.44 per share, for a total transaction of $257,200.00.
• On Wednesday, August 12th, Joseph Wm Foran acquired 10,000 shares of Matador Resources stock. The stock was acquired at an average price of $52.16 per share, with a total value of $521,600.00.
• On Tuesday, August 11th, Joseph Wm Foran bought 709 shares of Matador Resources stock. The stock was acquired at an average price of $51.68 per share, for a total transaction of $36,641.12.
• On Monday, August 10th, Joseph Wm Foran purchased 3,130 shares of Matador Resources stock. The shares were acquired at an average price of $51.04 per share, with a total value of $159,755.20.
• On Tuesday, June 9th, Joseph Wm Foran acquired 2,000 shares of Matador Resources stock. The stock was bought at an average price of $53.07 per share, for a total transaction of $106,140.00.
• On Thursday, June 4th, Joseph Wm Foran bought 2,000 shares of Matador Resources stock. The shares were bought at an average cost of $56.25 per share, with a total value of $112,500.00.
• On Friday, May 29th, Joseph Wm Foran purchased 482 shares of Matador Resources stock. The stock was bought at an average cost of $52.70 per share, for a total transaction of $25,401.40.
• On Wednesday, May 27th, Joseph Wm Foran acquired 4,675 shares of Matador Resources stock. The shares were bought at an average cost of $52.36 per share, with a total value of $244,783.00.

Matador Resources Stock Up 1.3%

Matador Resources stock opened at $57.98 on Thursday. The company has a market capitalization of $7.17 billion, a PE ratio of 9.94 and a beta of 0.76. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.62 and a current ratio of 0.65. Matador Resources Company has a fifty-two week low of $37.14 and a fifty-two week high of $66.84. The firm has a 50 day moving average price of $51.27 and a 200 day moving average price of $54.31.

Matador Resources (NYSE:MTDR) last released its quarterly earnings results on Wednesday, August 5th. The energy company reported $2.61 EPS for the quarter, topping analysts’ consensus estimates of $2.08 by $0.53. The company had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.06 billion. Matador Resources had a return on equity of 13.18% and a net margin of 19.85%.The firm’s revenue was up 32.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.53 earnings per share. Research analysts expect that Matador Resources Company will post 7.19 earnings per share for the current year.

Matador Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 8th. Shareholders of record on Monday, August 10th will be paid a dividend of $0.375 per share. The ex-dividend date is Monday, August 10th. This represents a $1.50 dividend on an annualized basis and a yield of 2.6%. Matador Resources’s dividend payout ratio is 25.73%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Truist Financial reduced their target price on shares of Matador Resources from $63.00 to $59.00 and set a “buy” rating on the stock in a report on Monday, August 10th. Mizuho upgraded Matador Resources to a “strong-buy” rating in a report on Friday, July 31st. Citigroup cut their price target on Matador Resources from $68.00 to $60.00 and set a “buy” rating on the stock in a report on Tuesday, August 11th. KeyCorp decreased their price objective on Matador Resources from $73.00 to $68.00 and set an “overweight” rating for the company in a research note on Thursday, August 13th. Finally, Zacks Research lowered shares of Matador Resources from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 25th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, Matador Resources presently has a consensus rating of “Moderate Buy” and an average price target of $66.07.

Institutional Trading of Matador Resources

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MTDR. V Square Quantitative Management LLC purchased a new position in shares of Matador Resources in the 1st quarter valued at $27,000. Kestra Investment Management LLC boosted its stake in Matador Resources by 225.2% in the second quarter. Kestra Investment Management LLC now owns 517 shares of the energy company’s stock valued at $25,000 after acquiring an additional 358 shares in the last quarter. Center for Financial Planning Inc. purchased a new position in shares of Matador Resources during the first quarter worth about $41,000. Altshuler Shaham Ltd increased its position in shares of Matador Resources by 36.7% during the first quarter. Altshuler Shaham Ltd now owns 748 shares of the energy company’s stock worth $47,000 after purchasing an additional 201 shares in the last quarter. Finally, Measured Wealth Private Client Group LLC purchased a new stake in shares of Matador Resources in the 3rd quarter valued at about $35,000. Institutional investors and hedge funds own 91.98% of the company’s stock.

Matador Resources Company Profile

Matador Resources Company is an independent energy firm primarily engaged in the exploration, development and production of oil, natural gas liquids (NGLs) and natural gas. The company focuses on upstream operations, utilizing horizontal drilling and hydraulic fracturing techniques to unlock hydrocarbons from key reservoirs. Its asset base includes both operated and non‐operated positions, with a particular emphasis on the Permian Basin, one of the most prolific oil-producing regions in North America.

Matador’s core operations are concentrated in the Delaware Basin segment of the Permian Basin, where it holds substantial acreage in both Reeves and Culberson counties in West Texas and Eddy and Lea counties in New Mexico.